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In its recently issued Half-Year Results 2024, Dowlais Group plc announced that the company is considering the sale of its GKN Powder Metallurgy business.
The Chief Executive Officer’s Review section of the report states, “The Board committed, in January 2023, to consider the future ownership of its market leading GKN Powder Metallurgy business within two to three years. After 18 months of ownership during which we spent time to better understand the business, established a new leadership team and developed a clear strategic and commercial plan to accelerate our portfolio transition, we have now commenced a strategic review of the business, considering a range of options, including a potential sale.”
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